| Feature | Description |
| Charts | - Add person icons to the x-axes on the chart.
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| Report | - Detailed Cash Flow report - corrected Amount Allocated to Savings.
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| Tax Calculation | - Single Year Expenses and Goals may now be designated tax deductible.
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| Tax Calculation | - Small Business Deduction Eligibility Toggle|Companies now have an input that if set to true will disqualify that company from any federal or provincial small business deduction tax eligibility regardless of income amounts.
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| Companies | - Company Ownership Details|Enhanced the user experience by keeping the expanded or collapsed state of the table while moving the year slider.
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| Stock Options | - Fixed erroneous liquidation of an underwater stock option.
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| Insight | - Canada Pension Plan Insight and Quebec Pension Plan Insight|Compare CPP/QPP Pension Plan Benefits by easily adjusting retirement age and life expectancy to maximize benefits.
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| Feature | Description |
| Tax Rate Brackets | - Add an illustration displaying tax rate brackets. Requires effective-brackets feature key be enabled. CA region under Plan Settings/Effective Tax Brackets and visible if two or more tax brackets.
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| Cash Flow Charts | - Fixed an issue where Loan Payments and Insurance chart items appeared in the opposite order between AdviserGo and the Report Cash Flow Charts.
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| Year View | - Corporate Preferred Shares and Share Classes Ownership details are now broken down individually in Year View.
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| Transfers | - When a user adds a transfer from an account edit screen, the UI now requires the user define if the account is the target or destination account.
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| Estate Plan | - Corrected an issue where Canada Estate Processor was incorrectly triggering capital gain on Principal Residence.
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| CPP/QPP | - The NRTCs and tax deductible expenses calculations from CPP2 contributions have been corrected. The entirety of the CPP premium (base amount) up to the YMPE less $3,500 should be used in the NRTC calculation. This calculation also affects the ECPP premium (“additional contributions”) which are used in the calculation of a tax deduction, not a credit.
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| Charitable Donation | - An issue causing charitable donation credits calculations values to be too high in some cases was resolved.
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| Feature | Description |
| Transfers |
- The UI now seamlessly handles changes to transfer events. When converting a recurring transfer to a single event, the start event automatically becomes the single event. The end event is discreetly retained, ready to reappear if the transfer is switched to recurring.
- Added validation to prevent creating a transfer without a source account
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| Monte Carlo | - Corrected an issue where the spouse age was intermittently plotted on the Monte Carlo chart.
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| Variable Annuities | - You can now add beneficiaries to variable annuities to allocate payouts on mortality.
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| Linking Properties from a Debt | - Resolved an issue where newly linked properties from a debt did not consistently save.
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| Insights | - Insight results charts will now display results using real money values.
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| Feature | Description |
| Accessibility Improvements | - A number of accessibility improvements have been made including:
- Users can now navigate the charts with their keyboard.
- Screen readers will now announce the legends for the charts.
- Users can now click on the labels in the charts with the keyboard.
- Upgraded the charting library used in AdviserGo to provide additional options to address accessibility needs.
- Corrected multiple table headings and structure.
- To enhance keyboard navigation, all interactive buttons and links now receive clear visual focus indicators when tabbed through. These indicators may include an underline, a change in font weight, a background color change, or a border around the focused item. This enhancement ensures that keyboard users can easily identify and interact with elements throughout the application.
- Corrected several roles issues.
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| Pension Transfer Sim | - The pension transfer simulation now includes Let's See Chart functionality for Canadian users, providing visual insights into the simulation results. Upon completing the simulation, the UI intentionally scrolls to the bottom of the page, ensuring that users can readily access the newly generated charts.
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| Translations |
- The Show Translation Keys toggle has been added to both advisor preferences and plan preferences under the Display section.
- The toggle's visibility is now controlled by the feature key. When the feature key is on, the toggle is visible; when it's off, the toggle is hidden.
- Enable the Show Translation Keys toggle to visualize the location of translation keys within the UI. This visual representation enhances contextual understanding when crafting translations in other languages.
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| Personal Tax Refactor |
- Taxable Income is now separated into three parts:
- Total Income: The total income before any deductions have been applied, except for the 50% reduction for taxable gains.
- Net Income: The total income less deductions. Net Income is now used to calculate the OAS clawback.
- Taxable Income: Net income less Capital gains, LCGE, and stock grant deductions. This section now uses taxable values (50% reduced) for capital gains and related deductions.
- Federal and Provincial Tax: Federal and provincial tax sections have been separated to include federal and provincial-specific income tax, deductions, and credits, and net income.
- Tax Summary and Carryover Amounts: This section now only includes the Cumulative Income Taxes field from the previous cumulative taxes section. Contribution/Carryover room values should be EOY.
- Tax Brackets and Rates: This section is very similar to the tax summary but appears at the end.
- The Additional Tax column has been removed from the Taxes Detailed report.
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| 2024 Updates |
- AMT calculation updates for 2024:
- AMT rate increased to 20.5% and in line with the 2nd federal income tax bracket rate.
- AMT exemption set to lower 4th federal bracket lower threshold and will index with threshold.
- 100% of capital gains included in adjusted taxable income.
- Capital gains loss carry forward deduction reduced to 50% and LCGE deduction reduced to 7/5 of amount used in regular tax calculation.
- Majority of NRTC’s reduced to 50% when calculating AMT.
- AMT calculation triggered in additional scenarios including high amounts of realized capital gains and/or stock option benefits.
- Quebec's nonrefundable tax credits have been updated to reflect the province's tax code.
- Quebec's AMT (Alternative Minimum Tax) calculations have been aligned with the federal AMT rules for 2024, with the following exceptions:
- Quebec's AMT exemption is set at $175,000 (indexed for inflation).
- Quebec's AMT rate is set at 19%, up from 14%.|
- CA Taxes Updates for 2024
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| RESP | - Resolved an error that caused an unnecessary CESG Catch Up item to be created.
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| Icons |
- We implemented a refreshed set of icons across our entire product suite, designed to embrace a contemporary design with increased contrast, improving comprehension at a glace. Customized icons are not affected.
- Enhanced the report bar charts with new event icons and a restructured event representation.
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| Plan Promotion | - Addressed items related to promoting the following entities from child plans to base plans.
- Trusts with Beneficiary Information applies to trusts in Canada, the United States, and Australia.
- Companies with Common and Preferred Share Ownership:
- Common share ownership and preferred share ownership percentages for companies in child plans will now be promoted correctly to the base plan.
- This applies to companies in Canada, the United Kingdom, and Australia.
- Term Life/Whole Life/Protection - Beneficiaries and Maturity Data:
- Beneficiary percentages for Term Life, Whole Life, and Protection insurance policies in child plans will now be retained when promoted to the base plan.
- Maturity data for insurance policies in child plans will now be promoted correctly to the base plan.
- These changes apply to insurance policies in the United States, the United Kingdom, and Australia.|
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| Feature | Description |
| Cash Flow Detailed Report | - The stack order of an Insurance on the Cash Flow Detailed chart has been adjusted to match with the ordering on the PDF report. Previously, Insurance was displayed as the last element in the chart but was listed as the third item in the report.
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| Sample Clients | - Advisers can now add sample clients to their AdviserGo accounts with ease. Simply click the Sample Clients tab on the advisor homepage to see a list of pre-created clients that you can add, and optionally, copy and give a custom name. Requires show-sample-client feature key.
- Click the Sample Clients tab on the advisor homepage.
- Browse the list of sample clients and click the one you want to add.
- If a sample client with the same name already exists, you'll be prompted to either create a new copy or navigate to the existing client.
- If you are creating a new copy, you will be able to specify the client type and first and last name.
- Click Save to add the client to your account.
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| Transfers | - Liquidation before transfer is now available when transferring between two non-registered investment accounts.
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| Investment Returns | - The Investment Returns Insight now includes cash accounts in its calculations.
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| Monte Carlo | - Monte Carlo Insight in AdviserGo now includes Net Worth Goals and goals created in ClientGo.
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| Voyant Disclaimer | - Updated the Voyant default disclaimer in client reports to be more informative.
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| Custom Market Assumptions | - Improved the accuracy of correlation coefficients file uploads by adding additional validation.
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| Feature | Description |
| Client Invites | - Advisors now have the option to deliver the client PIN manually if the client is unable to access the PIN via SMS.
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| Insights | - Added a dual chart view to insights to allow comparison of insight chart to plan chart, and other improvements in design and labelling consistency across insights.
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| Reports | - Corrected an issue where the text entered or copied into the Report screen editors would not appear in the generated reports.
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| Life Needs | - Ensured that the ownership of an insurance policy is transferred to the primary beneficiary (or spouse, child, other, in that order) if the policyholder dies before the insured person. This fixes a situation where premiums were still being billed to the deceased policyholder, causing a large insurance need.
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| Pension Commutation | - Pension Commutation Updates:
- Improved the accuracy of Spending Goal ownership by ensuring that it is always set to the owner of the DB pension and their spouse or unmarried partner (if the spouse or partner dies after the owner of the DB pension).
- The analyzer now checks for shortfall until the later of the date of death of the DB pension owner or the date of death of their survivor (if the survivor has a survivorship percent).
- We now show the future value of the payout result.
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| NEW Pension Commutations | - We have added a new feature that allows you to calculate the transfer split for DB pension commutations. This feature is similar to the pension transfer insight, but is now available within the DB pensions screen.
This is done by adding a new toggle to the Defined Benefit Pension. If this toggle is on, the system will calculate the transfer to the LIRA. If it is off, the user will be able to specify the amount to transfer to the LIRA manually.
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| Feature | Description |
| Accessibility | - Voyant audited the AdviserGo application from top-to-bottom and added or improved alt text where needed.
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| ClientGo | - Annuities are now viewable in the Finances list as read-only.
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| Estate | - Added Potential Estate Tax Simulation and Reports. On by default, and can be disabled with |potential-estate-tax-insight| key.
- The Potential Estate Tax Insight now has a report option to reflect the results of the simulation.
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| Goal Progress | - For a property co-owned by a Trust and a Person, corrected the Property linked Goal Progress Calculation by totaling expenses previously apportioned between Trust and another person.
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| Pension | - Pension transfer insight does not work when asset allocation is turned on
- Taxes on DB pension income now is withheld at source. Using the following website as the withheld tax formula references: [https://pspp.pensionsbc.ca/tax-information-for-retired-members|https://pspp.pensionsbc.ca/tax-information-for-retired-members|smart-link]
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| Promotion | - Users can now promote items and accounts added in a what-if plan to the base plan. The option to Promote will be visible from Overview | Plan Differences- whenever in a child plan and comparing to the base plan.
- Fix to update multi events for Onetime Payments.
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| User Menu | - Corrected verbiage under User Menu where Preferences was inadvertently replaced with Expand User Menu.
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| Feature | Description |
| Tax |
- Deduct all the tax credits from basic province tax before calculating surtax, and we will see a tax refund which is equal to the deduction of surtax by the province tax credits. In the past, we only deduct charitable donation credit before calculating surtax.
- Business tax calculation has been corrected for ON and NB to exclude federal passive income business limit reduction when determining provincial active income rate.
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| Trusts |
- Other income owned by a trust and distributed to individual beneficiaries will no longer automatically be saved to default cash accounts.
- Made the following corrections and clarifications:
- All trust assets now appear in the plan worth charts.
- Revocable trusts are included in the asset and net worth charts ONLY if their settlor is the primary or spouse.
- Irrevocable trusts do not appear in the assets and net worth charts regardless of who the settlor is.
- Plan worth now has a separate Trust Assets category.
- The net worth and assets reports now display trust assets correctly.
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| Insurance |
- Long Term Care Insurance event timing corrected.
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| Language |
- Support for Traditional Chinese has been added to reports.
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| Home Application |
- Added new tab under Profile section that allows the user to change the phone number tied to their account.
- Enhanced security for changing an email by requiring a confirmation code from the new email address.
- Updated text descriptions and external links in HOME.
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